Taxes on goods and services as a share of revenue reached 16.1% in 2023 in South Korea, according to the National Statistical Office. This is 4.72% less than in the previous year.
Historically, taxes on goods and services as a share of revenue in South Korea reached an all time high of 48.6% in 1975 and an all time low of 16.1% in 2023.
South Korea has been ranked 78th within the group of 83 countries we follow in terms of taxes on goods and services as a share of revenue.
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